About your Search

20140226
20140306
SHOW
News 26
Cavuto 10
( more )
STATION
MSNBCW 72
CSPAN 52
ALJAZAM 48
CSPAN2 46
CNNW 38
FBC 28
CNBC 25
KCSM (PBS) 14
KQED (PBS) 10
KGO (ABC) 9
WRC (NBC) 9
KNTV (NBC) 8
WJLA (ABC) 6
KRON (MyNetworkTV) 5
( more )
LANGUAGE
English 511
French 2
Korean 1
Search Results 0 to 49 of about 515 (some duplicates have been removed)
dave camp introduces his tax reform proposal. obama ist, president in minneapolis to discuss transportation infrastructure funding. later, a hearing on new irs rules regarding tax-exempt status for nonprofit organizations. >> house ways and means committee chairman dave camp announced a new tax reform proposal today. chairman cap is calling for ending deductions for state and local taxes. this briefing is when he minutes. >> hello and good afternoon. there have been so many changes to the tax code over the last day,e, more than one every that it is now 10 times the size of the bible with none of the good news. i know that seems like an old joke now. you may have heard it several times. when i travel around michigan or anywhere around the country, it still gets a pretty good laugh. as i listen to hard-working taxpayers talk about how we need to simplify and six our broken outdated tax code. what isn't funny is the impact washington's constant tinkering with the tax code has had on our economy and our families. we don't have to look long before we see but the current tax code h
, if this passes we will not give them any tax benefits in the future. they will not be able to expand. here was a company, volkswagen, that do not care. they do not take a side. volkswagen in germany is fully unionize. they pay their workers well. quite frankly, they make a pretty good product. here they come to america and it was not a company that defeated the union. they were fine with the union. it was outside forces. that is what is dismaying. it is something new that has not really happened before. the uaw has taught a complaint with the relations board. we have a full board for the first time there in a long time. i do not know what the outcome will be. i know they have filed an appeal. >> that says, how do you think labor should fight against these forces if it hopes to remain relevant? >> i do not know what the nlrb is going to find. it seems to me the people that voted no, i'm wondering if they're having second thoughts because they may have taken to heart, and made by public officials that simply were not true. maybe there needs to be a re-vote on this. >> not to ignore the last
said today he regrets the financial institutio institutioe u.s. clients avoid paying taxes. that was part of a hearing today on offshore banking. it's next on c-span2. >>> ahead of the federal reserve will testify on capitol hill tomorrow morning the senate subcommittee investigation accused the swiss bank of trying to hide the accounts of 22,000 u.s. citizens so they could avoid paying taxes. the panel headed by carl levin is called from the justice department to force the bank to hand over the names of u.s. citizen good morning everybody. the permanent subcommittee on investigations will come to order. the american public is angry about offshore tax abuse, efforts by well-off americans to ebay to their u.s. tax obligations by hiding money offshore. at today's hearing follows up on a hearing that the subcommittee held five years ago in 2008 when we presented evidence that well-known international banks located in secrecy jurisdictions were deliberately hoping u.s. clients cheat on their taxes by opening offshore accounts never reported to the irs despite a u.s. law requiri
. \s. >>> the bail is off, major new supply-side pro-growth tax reform plans, that's from ways and means chairman dave kamf. and i don't understand why top republican leaders are trashing it. congressman camp will join us live tonight to talk about his plan. >>> also this even harry reid says all the well-documented stories of obamacare paying enough people are not true. really, mr. leader? he blames the koch brothers. >>> we have another horror story to tell you about. wait until you see the confusing, even threatening obamacare tax language in the new tax forms that no one understands. the down side of marijuana is out there. while everyone focuses on the financial effect of colorado's legal pot industry, tonight cnbc will premiere a new documentary that also looks at the dangers of this gateway drug and the serious challenge now facing colorado's parents. all those stories and much more coming up in "the kudlow report" beginning right now. ♪ good evening, everyone. i'm larry kudlow. this is "the kudlow report." we are live here at 7:00 p.m. eastern, 4:00 p.m. pacific. we h
right back. the tax man and ways and means committee chairman dave camp. congressman mike turner joins us next. ceo and chairman richard smith joins us tonight. mine was earned in korea in 1953. afghanistan, in 209. orbiting the moon in 1971. [ male anuncer ] once it's earned, us auto insurance is often handed down from generation generaton. because it offers a superior evel of protecon. and because usaa'commitment to serve current and former military members andheir families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to see. coach calls her a team player. she's ind of special. she makes the whole team better. he's the kind of player that puts the puck, horsehide, bullet. right where it needs to be. coach calls itogistics. he's a great passer. dependable. a winning team has to have one. somebody you can count on. somebody like my dad. this is my dad. somebody like my mom. my grandfather. i'm very pround of him. them. which will cause me to miss the end of the game. the x1 entertainment operating system lets your watch live tv anywhere
class as well. it would probably work. but it is a huge controversy from the taxes. ... thank you for taking my call. independent because most of us americans have caught onto the big blame game. , andeach blame each other basically they are on the same team. they have different ways to go about it. my main problem is the epa. we are giving him close to $8 million, and it'll do nothing for us. they let the fracking industry go unregulated, they let solar management go unregulated. they are spraying our skies, trying to dim the sun to fight global warming. nobody knows about it. 02 global sky watch and you can find out all aut i i o knowre i i want to know where is the epa protecting us from this, his name is david frum nasa and he wants to spray and he has been spraying our sunlight dependent. >> host: zachary goldfarb, i know you don't cover epa specifically but the president, climate change is part of the agenda this year. >> guest: that's right and the president is putting money into funding and he proposes billions of dollars for climate research and for related endeavors. epa
right back. the tax man and ways and means committee chairm ave camp. congressman mike turnejoins us next. ceo and chairman richard smith oins us lou: on wall street, stocks were modestly higher. the s&p up, the nasdaq was four. crude oil is up 76 cents in gold prices down $15 settling at $13.28. the ten-year down 2.67%, staying within a very stable range. target shares up 7%. retailerand its data brch, costing 61 millionand could extend also. and carl ichan being blamed for dysfunctional leadership in a new letter to shareholders. has he overstepped? some would say perhap yes. we will find out. be sure to listen to my financial reports the three times a day on thee aol radio network for all of the biggest market and business news. chairman dave camp revealing his proposal that the republican leadership is trying to downplay d distance themselves from that pla. congressman mike turner is a member of the house oversight and armed rvices committee. as indiscreet have youith us. when we start with tax reforms. >> he has worked very diligently to put this together. we need to make sure t
an expansion in the earned income tax credit. the proposal that you heard discussed that was -- we put out some details yesterday on would be the first major expansion of the earned income tax credit for people without dependent children since 1993. it would address so many policy issues that people have raised from house to encourage younger people to encourage work, help people with disabilities get back into the work force, and ensure that more people with the combination of the earned income tax credit, minimum wage don't work full-time and live in poverty or raise any family members in poverty. the president -- this is an important progression. 20 years ago there were 1.4 million americans being pulled out of poverty because of the earned income tax credit or similar refundable tax credits. today it is 10 million. that is one of the major progressive agreements in which the president has furthered both in his 2009 budget and then extending those refundable tax credits in both 2010 and 2012 up for the next five years, and he calls for them to be permanent in his budget. what this would do i
everyone. thank you all for coming marx coming up, remarks by governor jan brewer. a tax reform proposal. -- the president is in minneapolis to discuss transportation and infrastructure funding. >> on the next washington journal, congressman phil roe on the gop alternative to the alternative -- obamacare. and later, nbc news correspondent harry smith talks about his documentary looking at marijuana in colorado. washington journal is live every morning at 7:00 eastern. you can share your thoughts on facebook and twitter. >> federal reserve chairman janet yellen testifies before the senate taking committee thursday. the first time since being confirmed to lead the central bank. you can watch it live at 10:00 a.m. eastern on c-span three. you can also join the conversation on facebook and twitter. >> blown out and broke. year in, year out. they fought the worst drought in history. they stopped, choked to death on arrenaron lined. -- b land. many were ahead of them, but then he stayed. hopes, andinery, credit were gone. resettlement.s. administration documentary "the ins."that the plao sunda
-- it would allow americans to remain uninsured through tax season. without a fine. the fine skill up in subsequent years in order to encourage people to join the health insurance pool. republicans are arguing that the obama administration has given breaks to businesses that would have been required to provide health insurance to their employees. republican said that is unfair that individuals will be fined when employers will not be fined. >> the white house plans to announce further delayed some other parts of the wall. what are you hearing? >> what we expect this week is for the white house to actually allow insured companies to continue to offer plans that do not meet obamacare's minimum coverage requirements for the next couple of years. it will be a major delay for the white house, when they announced this. what it will do is allow insurance companies to continue selling policies that otherwise would have been disqualified under obama's rules for minimum health-care coverage. a policy that does not have maternity care or pediatric care or mental health services included could co
too much, borrows too much, and taxes too much. it reflects says america's priorities to create jobs, strengthen the middle class, and build an economy that creates opportunity for all. went to theell floor yesterday and talked about the president's budget proposal. he said it is not a serious document. [video clip] >> it will probably never past the democratic led senate. in some sense, that is the point. rather than put together a constructive blueprint both parties could use to get the economy moving, the president is opting for the political stunt for a budget that is more about andng up the base in election-year. it would increase taxes by over $1 trillion in the worst economic slowdown anyone can remember. it would explode spending by $790 billion, forcing us to borrow more money. it would do almost nothing to threatsthe serious facing our children's futures and does not come close to balancing this year. mitch mcconnell talking about the 2015 budget proposal. congress will take up budget proposals and will decide what gets spent. "the washington post" tweeted this -- it would
? >>> plus, a serious proposal to overhaul the tax code for the first time in twiyears. but is there any hope for congressional action this year. >>> and the pentagon proposes to slash the army to its smallest size in the last 75 years. how risky are the cuts for american security. >>> welcome to "the journal editorial report." new questions this week about the investigation into the irs targeting of conservative groups. with the house subcommittee holding hearings, you know just how seriously the department of justice is taking this probe. they're doing this as liberal groups like the aclu and sierra club join conservative clubs voicing opposition into a new irs rule into further restricting political speech. for more on both of these developments i'm joined by "wall street journal" column dannetinger. kim strofle and colin levy. kim, let's start with you there in sin city, washington. you're covering the hearings this week. what have we learned about the state of justice to probe just as it is? >> well, they had a number of legal experts appear before the house oversight committee. it was a
chairman steve forbes and roy hewitt will go on the tax reform plan. >>> and mayor bill de blasio acting like a sandanista. shutting the door on three charter schools and hundreds of kids in new york city. american parents see charter schools as the only way out of poverty for their kids and mostly minority kids at that. we will have the latest on that. meanwhile don't forget free market capitalism is the best path to prosperity. economic freedom and democracy may be at stake in the ukraine. that's why it's important. i'm kudlow and we'll be right back. vo: once upon a time there was a boy who traveled to a faraway place where villages floated on water and castles were houses dragons lurked, giants stood tall, and the good queen showed the boy it could all be real. avo: whatever you can imagine, all in one place. expedia, find yours. anbe a name and not a number?tor scottrade. ron: i'm never alone with scottrade. i can always call or stop by my local office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade. because i don't tr
for over 50 years. last may we learned that the i.r.s. targeted conservative groups seeking tax exempt status. for over ninth months committee investigators have reviewed hundreds of thousands of internal i.r.s. documents and interviewed i.r.s. officials regarding the targeting. our investigation is not yet over and the ways and means committee continues to wait for the i.r.s. to turn over lowest learners emails. despite the ongoing investigations both in congress and by the inspector general, last november treasury rushed forward with proposed new regulations to stifle 501-c-4 groups upending rules that have been in place for over half a century. the speaker pro tempore: the gentleman have is recognized. -- the gentleman is correct. the house will come to order. please take all conversations off the floor, please clear the . sles the gentleman from michigan is recognized. mr. camp: under the proposed rule social welfare organizations will face additional unprecedented scrutiny for engaging in the bows basic unpartisan political activity. such as organizing nonpartisan get out the vote
back. stay with us. thinking up game-changing ideas, ke this: dozens of tax free zones across new york state. move here. expand here. start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax fr plan. there's on one way for yo business to go. . lou: all day, fox business has been focused on the business of boomer retirement. a survey shows it is out of reach for far too many americans, 58% of workers, age 60 and older have to put off their retirement. mostly because of financial reasons, good news that down from a pike of 66 percent in 2020. new fed chair yellen testifying before senate banking committee told them central bank would probably continue to taper while trying to figure out how much research weakness in the economy is because of the see winter weather, market, responding %-posting a new record high,&p. joining us now. chief economist from moody's capital, john lonski, janet yellen seems to have slid into her well rarefied chair, is doing brilliantly it seems. >> i think she is doing very well. market likes her, up 1% for year
money," it is tax time. are you paying too much or more so the rich can get the breaks? >> christine romans and "your money" starts right now. >> swiss bankers under fire for helping clients evade the irs. i'm christine romans. this is "your money." maybe the 1% really are under attack. this week, top executives from credit suisse hauled before a senate committee. they blamed rogue bankers for helping hide $12 billion from uncle sam. some bank employees are pushing back saying tax evasion was a business strategy. not helping credit suisse, but the top brass will not reveal the rich, secret american clients. >> the banking secrecy probation prohibits us from furnishing any client names. >> any real idea that the government of switzerland is cooperating with us is a joke, right? if we get 22 names. >> it is not just credit suisse, but 13 other banks for helping clients evade taxes. what about evading taxes the old fashion way through legal loopholes. house ways and means committee chairman revealed his reform plan. it would lower tax rates for everyone, but impose a surch
complete conservative not just conservative on some issues and tax cuts and so forth but on social and economic issues. so as ashley said in this book i laid out 11 principles of the conservatism and i don't know how i came up with the love and other than i laid out the principles and stopped and counted and there were 11. some people said you should do ten and make it the ten commandments. i would have to combine them but there's lots time, there's 11. there is 12, make it a dozen. even within is an odd number. i got 11 and i don't want to combine any of them. so here they are in the there will be a quiz at the end of this. make sure you take notes. you have a cheat sheet in the book and on c-span you can rewind it. but i will rattle them off. freedom, faith, family, sanctity of human life, american exceptionalism, the founders, wisdom and vision, lower taxes, limited government, peace through strength of anti-communism and a belief in the individual. those are the 11. i won't have time to go through all the living of thes love andt i'm going to try to go through a few and check t
for business and capitalism. we'll have a live update in just a few minutes. >>> also supply side tax reform is back. dave camp is going to unveil his new plan tomorrow morning. we'll join us on the "kudlow report" in the evening. we will preview the story tonight. >>> we have the fcc commissioner who blew the whistle on the government's attempt to dictate and bias news stories. now we learn that this government assault may not be over. all those stories and much more coming up on the "kudlow report" beginning right now. >> good evening, everyone. i'm larry kudlow. this is the "kudlow report." we're live at 7:00 p.m. eastern and 4:00 p.m. on the west coast. our top story tonight, will arizona governor jan brewer veto a gay discrimination bill passed by the state legislature. nbc news joins us with the details. good evening. >> reporter: of course the poe opponents call it a religious freedom bill. in any event, governor brewer who is on the spot on this has just returned to arizona after attending a three-day governor's conference in washington. she'll know that the momentum toward a veto ha
for 501(c) four nonprofit groups applying for tax exempt status and testimony before a house subcommittee on wednesday. this is two hours. >> the hearing will come to order. hearing of thest year for our subcommittee. welcome to all the subcommittee members. glad to have you back. a warm welcome to our subcommittee's newest member. he is not here yet. he will be down at the end. we look forward to having him work with us. today the subcommittee will hear from two panels. we will hear about the activities and operations of the internal revenue service. commissioner. irs welcome to you, sir. we appreciate your return to the service and thank for taking -- thank you for taking on this task. george have russell and nina olsen. we appreciate the careful and constant oversight of the irs. we have not heard in some time from ms. olsen, so we are especially eager to hear from her. as a matter of house keeping, i will be following the five minute rules for that members. i do not plan on cutting anyone off in the middle of their sentence, but if everyone could keep their questions and comments for
a huge change to tax cuts. what are they planning? >> this would collapse seven brackets into two brackets for essentially all taxable income, ensuring 99% of taxpayers face maximum rates of 25% or less. specifically, this is how he will do it. theof americans would be in 25% tax bracket. those who are above that would be hit with an additional rates. this would make filing a lot more >>, because instead of seven tax brackets we would be down to two, or i guess at least three. you would have that additional 10% tax for those making over 100 $50,000. moreover, it would end the unequal treatment for the carried interest private equity managers pay themselves. does this plan have legs? we are joined by the american action forum director of fiscal -- gordon, i will start with you. is there a chance we could see something like this get through congress? be great. that would there is a lot of debate out there about how big an effect tax reform could have on it, but i think there is a broad consensus that in general it is universally positive. if you ask anybody out there, should we do s
construction jobs. the federal gas tax has been capped around 17 cents a gallon. drivers from the northeast to the midwest don't need a reminder how bad our roads can be. the drivers $6.5 billion. jonathan, how about those potholes, do you have a view on that? >> i like to avoid them. >> i'm anti-potholes, too. >> that's all the time we have. it was nice having you on. >> thank you, ari, i appreciate it. >> $300 billion over four years. put aside the skepticism about getting anything done in washington. walk us through you there at the white house what you know about this and the plan. >> well, i think what you've got is the president again trying to get congress, trying to get the government to invest in infrastructu infrastructure. this is something he's been trying to do for several years. not just invest in it, invest in it ahead of time so as anthony fox, the transportation secretary said earlier today, you don't continue to put band aids on for the nation's highways and other infrastructure. that's what we've been doing to borrow a term for the show. there's been a cycle
at the president's budget, you see an earned income tax credit. that is being offered by the president as something that should be expanded. if you look at the poverty report monday, he praises the earned income tax credit. republicans have different views. use all marco rubio in the senate talk about killing the program. marco rubio in the senate talking about killing the program. the earned income tax credit, which the president wants to expand, was really a republican proposal a few decades ago. republicans like having people work and having people reported for work. this could be an area where there are twin carried -- tinkering. expand the like to tax reduction for families who have children. republicans have been focusing on this for the past year. mike lee, one of the most conservative members has been talking about using the tax credit as the core of what republicans have. see at least two areas there could be talks. credits, we are seeing political messaging more than anything else. host: what are the expectations for how the budget process is going to work on capitol hill? will the senate
-murray, it is paid for with spending cut and tax reforms. it is deficit neutral. supporting what the president said in the state of the union, there is a series of programs to create jobs. it lays out $302 billion infrastructure proposal that is paid for with pro-growth tax. it strengthens the manufacture base and supports groundbreaking research to fight disease, protect the environment and develop new technology. it enhances the administration's management efforts to deliver a government that is more efficient and supportive of economic growth. and it will expand opportunity for all-americans. it doubles the maximum value of the earned income tax credit to encourage people to enter the workforce. and makes high quality preschool available to every four year old. and drive workforce training. it will focus on the primary drivers of long term debt and deficits. it builds on the forms of the affordable care act and continues to slow health care cost growth while improving the quality. it will curb tax breaks that benefit the wealthiest. it calls for pro-growth immigration reform. the deficit has bee
the president, have a vote in congress or pay federal income tax. but the island debates to the island's peculiar status. these issues take a backseat to the problem of puerto rico is in trouble. >> graphic design professional for more than 26 years on the island. owned my own apartment, family close by, clients and so forth. >> today she owns a hardwood flooring company with her husband. she said a drying up economy left them no choice but to leave. >> we could see criminality was rising, and we could see that the buildings, mr. there were run down and a lot of businesses for sale. >> sÁnchez is one of the thousands who have left puerto rico for work. >> in a lot of businesses, in the main avenues, a lot of homes for sale. these are in nice neighborhoods, and they would stay for sale for a long time. then you see the grass growing and the trees and all of a sudden this property has been abandoned. this is it. either i move or i'm going to be losing what i have here. >> and in each "for sale" sign sÁnchez saw cropping on her street a deeper economic problem boiling. junk status. that
honesty. because half of this $300 billion he is proposing is coming from reforming the corporate tax code. if you want to fill the highway trust fund, you have to raise taxes on gasoline period. and he won't talk about it. democrats won't talk about it. nobody will. those are the only truly honest way to pay for fixing the road. >> i think she kind of buried the story there. she is talking about the money getting it from revamping corporate tax reform. but that, inherent in that argument is that you can get revenue cutting taxes. so i think what he is saying here, i'm already prespending that. but i wish he would sort of acknowledge that budget-wide, just cut tacks. >> not only that, he should explain $300 billion, we are talking billion. i thought i saw million for a second. become, even that's not enough. do you realize that? you can spend $800 billion, and that's not going to jump start the economy in a meaningful way when the government starts to direct the projects. the best way is give businesses assurance they won't be tax deduct and they won't get crushed on regulation. $800 billi
a compromise that included spending cuts in exchange for tax revenue. unfortunately, his compromise and the other compromise discussed did not make it through. the committee, in a sense, failed to come to conclusion to propose to the senate and the house a compromise that could be lived. .. >> i want to welcome the senator from pennsylvania senator to me. >> toomey. >> excuse my voice it sounds worse than it is. think you for having me today and for his kind introduction and from universal health services it was allen's idea that i'd be invited to speak with you this morning and i appreciate that but i was a little surprised to be honest because allen knows about my notorious weaknesses with the public speaker and invited me any way. i say notorious for meet -- for be the department of public speaking made clear by only a smile -- of small child. i have three little kids into are not so little but my eldest is a little girl when she was in the second to parade the school had a program where you are invited to come into the class to explain what you do for a living. i stood up in fro
donald's. it will be expanding the earned tax credit. it is the government's largest program targeted as low income americans. >> the earned income tax credit was first introduced by president ford and has been expanded by democrats and republicans alike because it provides an incentive to work. president reagan called it the country's best anti-poverty and jobs creation bill ever to come out of the u.s. congress, and it was a key part of president clinton's welfare to work program. the basic way the earned a tax credit worked is this an eligible worker will earn a tax credit for every dollar he or she makes. a formula determines how much a worker ultimately receives under the program's caps. that amount the worker receives is then applied to taxes. for example, if someone owed $700 in taxes and has a credit of $900 they would get a refund of $200. working families with children currently stand to benefit the most. they qualify for a credit if they earn under 38,000 to $51,000. generally a salary increase the credit lowers. a married couple with two children making $45,000 would be eligible for a credit of
. the house ways and means chairman dave camp. he wants to blow up the tax code. not everybody likes that. >> he is getting it from all sides. he unveiled his plan yesterday. this is a more than 900 page effort. they want to totally overhaul the tax code. he is under fire from big banks. he even takes on the nfl. they have a tax exempt status. he is defending his plan amongst criticism from republicans and democrats that aspects of this go too far. to simplifye have and get lower rates, we can grow the economy by 20%. if we get 20% growth, that will translate to almost 2 million jobs. economy is the number one issue facing americans. americans want to do something about it. this proposal is one way to do something about it. >> the argument from critics is that it may be true controversial for those who would otherwise support it. he will pushs that forward on it and start the conversation. >> is dave camp running for reelection? >> he is running for reelection. who hashis is someone been a serious lawmaker for a long time. people were waiting for this proposal. she will wait what happens
with phil mattingly. he has details on the senate cost offshore tax evasion hearing. what was the primary defense today? >> he was more than willing to acknowledge that a small number of credit suisse bankers went above and beyond to help u.s. citizens of the taxes. senior management was deeply regretful for those actions. they said that they were on a pathway to reforming themselves. they work to try to change that. that was not enough for the senate chairman. take a listen. >> you do not want to be in the purely business that dirty business of helping u.s. clients she on her taxes. it is important if you are really going to the a reform bank that you have got to acknowledge what is clear in our report, the wrongdoing went beyond these mulgrew of rogue bankers. iswhat you see right there the senator nailing the biggest difference. claims that this was just a small number of bankers who were involved. in a report released by the committee, it is a very large number of bankers, as many as 1800, may have been involved. that was not results yet. hear frommittee will top justice department of
be forming. to get you on something that alslso we flex everyone in this region, taxes. we saw the b big masass of almot 100000-page tax land rolled outy the ways and means cmittee chairman. evererybody knows it inot going to pass, but it has som interesting ideas. take apart the tax plan.n. whatat is the good, the bad, and e ugly? >> the good thing isis a trieso streamline the code by eliminating a lot of elections and exemptions. consolidatinsome m more people can file be short form and not worry about keeping -- >> 95% would be able to. >> i am wary on e 95%.. we will ave it on that. not same time, does change the progressive nature. it is about as progrgressive as before. however, within groups of people, income groups, there wille winners and losers. a lot of people are screaming year does they lose their benefit, they get back k and edt the action is not ththere. the ugly, senator schumer quite frankly said deaead on arrival. itit will lead to a lot of ranc. we cannot hieve tax reform with this president and this house. it is not ssible. >> i will weigh in withy views on it. i thin
to cut taxes to workers who don't have children. >> let's make this a year of action. >> reporter: following his state of the union, president obama is taking action with his 2015 budget, the people who would benefit low wage workers. for years it has only been workers with children who benefited from the earned income tax credit. under the president's proposal that tax break would expand to those without children. he wants to double a childless worker's tax credit to about $1,000 a year, to offset the cost of the new tax break, the president is proposing an end to an old tax break to the wealthy. that move is projected to garner some $60 billion over ten years. the president is also proposing full-time workers with kids get a bigger tax credit to cover child care costs. he wants to make preschool available for all four year olds. and the tax credit for college tuition, he wants to make that permanent. and proposing funding to upgrade aging highway systems across the country. the plan is expected to help 13.5 million americans. erika pitzi, al jazeera. >>> comes up on al jazeera a
of shutterstock. >> "market makers" is back in a couple of minutes. credit suisse in testimony over taxes. >> brady dougan is in the hot seat. ♪ >> live from bloomberg headquarters in new york, this "mark and make -- "market makers." inbuying more real estate puerto rico. we will tell you why this is track -- attracting a lot of attention and what it means for the economy. plane new republican tax promises to track taxes at just 25%. will a simple -- >> hollywood "house of cards." how the gains have changed. hollywood's biggest stars are out there lobbying for one-on-one. welcome back. i am stephanie ruhle. >> i am erik schatzker. it is 11:00 on wednesday. >> i want george clooney knocking on my door with the dvd and a bag of popcorn in his hands thank him let's watch this movie together. >> right now in washington, it is uncertain -- uncle sam versus switzerland. the subcommittee is holding a hearing today to give the u.s. government names of american citizens who might have used those swiss bank accounts to avoid taxes. senator john mccain caught -- called the inquiry a joke. he would
spent over $1.5 trillion which averages out to about $11.2 million tax dollars paid every hour by the american people. in today's national paper, the "usa today," and other headlines, the headline is this, "obama to karzai: time running out for security deal." madam speaker, based on recent polls this would be good news to the american people if we would not continue this relationship with afghanistan. it is nothing but an absolute waste of the taxpayers' money and the american people are sick and tired of it. a recent poll last week by gallup showed that almost 50% of the american people believe that the war in afghanistan was a mistake to start with. i can honestly say this. if it was not a mistake to start with, it's a mistake now that we continue to support and spend money on a corrupt leader named karzai. mr. speaker -- madam speaker, as i listen to the secretary of defense, chuck hagel, yesterday talk about the financial pressure on our military and the budget that he will be supporting that mr. obama has proposed, i wonder why we in congress are not allowed to debate on
. reagan was really the total, complete conservative. not just conservative on, you know, some issues, tax cuts and so forth, but on both social and economic issues. all right. so as ashley said, in this book i lay out 11 principles of reagan conservativism, and i don't know how i came up with 11 other than i just laid out these principles, and i stopped and counted, and there were 11. some people said, well, you should do ten. make it like the ten commandments -- well, i'd have to combine them. there aren't ten, there's 11. well, 12, 11 is an odd number. this is what i got. i got 11, and i don't want to combine any of them, so i've got 11 principles. all right, so here they are, and there will be a quiz at the end of this. [laughter] so make sure you take notes quick. actually, you have a cheat sheet in the book, right? and on c-span you've got a dvr, so you can rewind it. but i'll rattle them off quick. freedom, faith, family, sanctity and dignity of human life, american exceptionalism, the founders' wisdom and vision, lower taxes, limited government, peace through strength, anticommunis
seeking tax exempt status. this after the inspector general found 298 applications had been singled out for special review including 100% of groups with tea party or patriot in their name, but only 30% of groups with progress or progressive. now republican congressman darrell issa, chair of the powerful house oversight committee wantslern s lerner to testify again wednesday. chairman issa, welcome back. >> thanks for covering what we believe is going to be a good fact finding hearing. >> well, let's talk about that. because when you recalled lois lerner under subpoena to testify again this coming wednesday, her lawyers said you you can call her, but she won't testify or answer any questions, continue to at that time fifttaat that t. >> her attorney indicates how that she will testify. we've been back and forth negotiation. wi believe the evidence we've gathered causes her in her best interests to testify. >> so lowislerner who took the fifth last may will testify before your committee? >> according to her attorney. >> this will be on wednesday? >> it will be on wednesday. >> what change
, according to the cbo, of revenue over five years. so it pays for itself. it is not a tax because it, it pays for itself only for those within the national flood insurance program. so if you're not in a flood zone and you don't have flood insurance, this doesn't affect you. but if you are in the flood insurance program and your primary residence you will pay a user fee to pay in the program of $25 a year. very reasonable. that will pay for the program. gerri: i got it tell you, 200 million over five years? that doesn't do anything over4 billion in debt the program is already n how will we pay that off? >> well it is still better than nothing. had we done nothing, there wouldn't be 165 million toward that debt. that is number one. second thing that number is not completely accurate. people don't tell you against the bill, every time there was ever a surplus in the flood insurance program, that surplus was raided and used for the general spending of government. you will always be at somewhat deficit keep raiding any year there is surplus. that is unone of the problems -- gerri: how long has it
one direction: up so we're up eay. up late. thinking up game-changing ideas, like this: dozens of tax fr zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, w opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at srt-upny.com what is this place? where are we? this is where we bring together the fastest internet and the best in entertainment. we call it the x1 entertainment operating system. it looks like the future! we must have encountered a temporal vortex. further analytics are necessary. beam us up. ♪ that's my phone. hey. [ female announcer ] the x1 entertainment operating system, only from xfinity. tv and internet together like never before. which will cause me to miss the end of the game. the x1 entertainment operating system lets your watch live tv anywhere. can i watch it in butterfly valley? sure. can i watch it in glimmering lake? yep. here, too. what about the dark castle? you call that defense?! come on! [ female anno
had pushed infrastructure in 2009 instead of the failed obamacare. plan includes closing tax loopholes to help pay for projects. this is what they report in "wall street journal." lands to improve roads, bridges, and tunnels received a laid as president obama out a proposal for infrastructure upgrades, paid for by unspecified changes to the tax code. the question of how to pay for the work remains sticky. numbers of both parties have pointed to tax code changes as a financing source. the speaker of the house said we have to find funding mechanisms to fund our infrastructure needs. the hunt has been on for the last year to find the funding source. i wish i could report that we had found it, but we haven't. he also said that he and mr. obama discussed the country's infrastructure problems, but did not come to an agreement. mr. camp would raise money through a one-time tax on corporate overseas profits as part of a transition to a new international tax system. here is dave camp talking about his tax reform proposal. [video clip] >> we must enact real, meaningful tax reform. i am releasing
someone, he actually reformed the tax policy -- and i look a little pink. should i consider spray tanning? this is "bloomberg surveillance ." live from world headquarters in new york. friday before the oscars on sunday. scarlet fu can barely contain herself. joining me are scarlet fu and adam johnson. >> i've got to go by the chips and dip. >> the only problem is you have to be up at 2:00 a.m. monday morning. time for the morning brief. what happened overnight. ecb president mario draghi said policymakers are committed to defending the euro area against inflation. this was in a speech late yesterday in frankfurt. in the u.k., home prices rose as the property market got a boost from low borrowing costs and easier access to mortgages. in italy, the unemployment rate rose to a record high in january. shifting over to japan, industrial production grew the most since 2011 indicating the economy is strengthening. jumble. of data but a all thisrning we got data. starting at 8:30 a.m., gdp. at gdp so look we get in theory they refined any little bit. also, personal consumption -- consumpt
of conservative groups seeking tax exempt status. this after the treasury department found 298 applications had been singled out for special review including 100% of groups with tea party or patriot in their name but only 30% of groups with progress or progressive. now republican congressman darrell issa, chair of the house oversight committee wants lernor to testify again wednesday based on new information he has. chairman, welcome back to "fox news sunday." >> thanks for having me back and for covering what we believe is going to be a good fact finding hearing. >> all right. let's talk about that. when you recall low he ed lois o testify, her lawyers said can you call her but she is not going to answer any questions. i understand you have late breaking news. >> we do. her attorney indicates now that she will testify. we've had a back and forth negotiation. but quite frankly, we believe that evidence that we've gathered causes her in her best interest to be summoned to testify. >> lois lernor will testify before your committee? >> according to her attorney. >> this will be on wednesday? >> wed
argued that the task code -- tax code is riddled with complicate loopholes that make it harder to invest here and encourage companies to keep profits abroad. last summer i offered a proposed -- proposal to couple business tax reform with critical investments in infrastructure. this budget includes that proposal using the transition revenue that will result from a shift to a simpler, more efficient tax code to create rebounding -- jobs rebounding, our roads and bridges and unclogging our communities. because in today's global conomy, first class jobs dwravetate to first class infrastructure -- gravitate to first class infrastructure and at times this budget lays out how mied a strailings will continue to act it cut red tape and stream line the permitting process for key projects so we can get more construction workers on the jobs as fast as possible. also have the chance right now to beat other countries in the race for the next wave of high-tech manufacturing jobs. my administration has already launched four hubs of high-tech manufacturing where we connect to businesses to research unive
and railroads and mass transit. it provides more money for job training and preschool and it expands tax credits for an estimated 13.5 million low-income workers and it increases taxes more than $650 billion on higher-income americans and it adds $56 billion in fees for big banks. there are also tax increases for tobacco products and airline passengers. the president's plan in print form arrived up on capitol hill this morning -- this morning. congress prefers to do the budgeting itself, so it's not like whatever the president sent would be accepted but it can be seen as a starting point in the debate over the nation's spending priorities, yet rather than a lot of new ideas in these budget books, critics suggest it's more of the same. the republicans say the president's 2015 budget spends, borrows, and taxes too much, neil? >> michael, thank you. it is ironic right now that all of this is going down on fat tuesday, good reason to party in new orleans, maybe, but minnesota republican congresswoman michele bachmann says no reason to celebrate in washington, so congressman, the bottom line is the p
, totaling almost $4 trillion. it includes new tax hikes to offset additional spending for education and job-training. but republicans say it does nothing to address the nation's fiscal challenges. we'll discuss its approach to helping low income americans, later in the program. israeli prime minister benjamin netanyahu is warning the u.s. and the world against letting iran go ahead with any part of its nuclear program: he spoke in washington, a day after meeting with president obama. >> the leading powers of the world are talking about leaving iran with the capability to enrich uranium. i hope they don't do that because that would be a grave error. it would leave iran as a threshold nuclear power. >> woodruff: netanyahu also said that far from easing sanctions on iran, the world should increase them. he also urged the palestinians to recognize israel as a jewish state, if they really want peace. the process of removing syria's chemical weapons is picking up pace. the dutch diplomat overseeing the operation said today the assad regime has handed over six shipments of toxic agents. she spoke
's efforts to dodge the tax man. a hearing will feature top officials from the justice department. peter cook has got the details. credit suisse is about to have a very highlighted moment in the congressional spotlight. i cannot believe this is welcome to them. >> an unwelcome moment, to be sure. as you just detailed, four top executives at credit suisse will find themselves on the hot seat. about what they knew about the efforts to avoid paying taxes and what they have been doing at the bank to clean it up ever since. the report assembled by the staff of the senate's permanent subcommittee includes they employed a range of banking practices that facilitated tax evasion by u.s. customers. they had 22,000 customers with swiss accounts with $10 billion to $12 billion. the vast majority was undeclared to the irs. the investigation details the lengths to which the bank tried to shield its american customers. swiss bankers flew to the u.s. sometimes on tourist visas to recruit new clients. the bank helped create shell accounts to hide identities and even opened a branch office in the zÜrich airpo
in congress or pay federal income tax. it has taken a backseat to the crisis front and center and puerto rico is in trouble and many that can are leaving. it has been nearly five years since making the leap of her life from puerto rico to virginia. >> i was a graphic design professional on the island. i had an apartment. my family close by and clients and so forth. >> today she owns a flooring company with her husband. she says a drying up economy left them no choice but to leave. >> we could see criminality was rising and the buildings were run down. >> one of the thousands educated puerto ricoians that left the island for work. >> in a lot of the businesses in the main avenues a lot of homes for sale. these are like in very nice neighborhoods and stay for sale for a long time and you see the grass growing and the trees and all of a sudden it is like the property is abandoned and this is it, either i move or i'm going to lose what i have here. >> for aech -- each of the for sale signs, junk status. that is the debt equal to more than 90% of the island's gross domestic product and the per cap
Search Results 0 to 49 of about 515 (some duplicates have been removed)

Terms of Use (10 Mar 2001)